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Globalists Finally See Reality

When the former high priests of globalization admit it’s not working, the time has come not only to ask why they’ve changed their minds, but also why they were so wrong for so long. Oren Cass’s exposé of the abuses of classical economic theory offers a valuable starting point. But the problems lie even deeper and extend much further.

How to Bound the American Market

In his essay, Oren Cass correctly argues that a well-functioning capitalist system requires a “bounded market” within a nation-state that imposes interdependence on labor, capital, and consumers. Frictionless capital mobility across borders, in contrast, decouples the interests of investors from their country and their workers.

Did Globalization Cause the Great Stagnation?

Analyzing the effects of any long-run macroeconomic trend is admittedly a difficult affair. After all, typically more than one big trend is happening at a time, which means that isolating the impact of any particular force requires careful and thoughtful empirical analysis.

Globalization: America’s Biggest Bipartisan Mistake

American Compass research director Wells King explores the history of the Uniparty’s push for globalization at all costs and the fallacies undergirding their arguments.

Why the Free Trade Debate Needs the Real Adam Smith

Oren Cass is right to note that modern economists largely misunderstand Adam Smith. But the misunderstanding runs deeper and traces even further back than editorializing in 20th-century textbooks. For more than two centuries, scholars have ignored the relationship between Smith’s political philosophy and economic analysis.

It’s Time for a Neoclassical Economic Reckoning

Oren Cass’s essay demonstrates how the advantages of industrial policy, apparent to some of the founders of economics and foundational to the success of the United States, were carefully airbrushed out by advocates of free trade in the 20th century.

Freer Trade Isn’t Always Better

Oren Cass takes on the entrenched belief held by the U.S. economics profession that countries should always pursue a policy of free trade. He argues that Smith and Ricardo have been misunderstood for generations because their key assumptions around capital mobility were omitted as the arguments were passed down.

Just Say No to Rejoining TPP

Economic theorists treat globalization as the free market’s natural end state. But trade practitioners know that the opposite is true—that efforts at stitching together the world’s economies are among the messiest sausage-making exercises in policymaking.

America Should Use Existing Tools, Not Fashion New Ones

The debate over free trade versus protectionism has been around for hundreds of years, with a level of political prominence that has varied over time. After a relatively quiet period in the post-war era, the modern debate over trade and globalization’s rules and institutions has grown quite contentious.

Modern Economics Is Not an Illuminati Conspiracy

The first part of Mr. Cass’s argument is that the entire economics profession has either misread or misinterpreted a sentence in Adam Smith’s An Inquiry into the Nature and Causes of the Wealth of Nations, and that it has built the case for free trade from that alleged misreading or misrepresentation. This is simply and fundamentally not true.

Weighing In

Commentators and policy analysts respond to our analysis of globalization and proposals to restore balance to the American economy

The Balancing Act

Policymakers can act on several fronts: market access and investment rules to govern the flow of goods and capital; sovereign actions taken in relation to global institutions; and immigration policy that affects labor market composition.

Republican Stance on Free Markets Is Shifting When it Comes to China

Despite the priority traditionally given to the free flow of capital, many now argue that Beijing should be the exception, writes American Compass executive director Oren Cass.

Wrong All Along

Each argument for globalization appeared sensible on its own terms, but each was built upon faulty premises or failed in the final analysis to support the ultimate agenda.

The Conservative Confusion on Globalization

The question is not will we manage our economy’s interaction with the global market, but how, writes American Compass executive director Oren Cass.

Where’s the Growth?

The era of globalization has coincided closely with the onset of precisely those problems that a clear-eyed analyst might have predicted and delivered outcomes contrary to the ones its ideologues envisioned.

New Report Finds Globalization Failed to Deliver Economic Growth and Good Jobs

PRESS RELEASE—New American Compass report on the failed experiment of globalization and an online quiz that exposes the bipartisan Uniparty’s witless case for globalization

Conflicted Party

The problem was that the powerful and wealthy saw no problem. They benefited from closing American factories and moving jobs abroad. They benefited from lower wages. This was their agenda from the start.

Regaining Our Balance

How to Right the Wrongs of Globalization

Searching for Capitalism in the Wreckage of Globalization

Mutual dependence between capital and labor, not mere “economic freedom,” is what Adam Smith so ably described. Globalization destroys it.

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